The only thing more important than whether there is a tech bubble: why we're so obsessed with one.

FORTUNE -- I'm calling a top to the pundit bubble. All week, spurred by Color's gaudy valuation, the tech and economic punditry have continued their months-long monologue about whether or not we're in a tech bubble. Back and forth they went, inflating nothing but their own self-importance as they jostled to be the one on the right side of history. (Call it the Roubini Effect.)

The only way to keep track is to grab a napkin and keep a running bubble pro/con list. Put it right next to that million-dollar startup idea you wrote down during lunch. More